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MAGNUS CHARITABLE TR: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
MAGNUS CHARITABLE TR (EIN 36-4049284)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-08-31
IRS object ID
201502439349100360
Schema version
2014v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2015-08-31T14:20:22-05:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN362700600PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WINEBERG SOLHEIM HOWELL & SHAIN PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1180 N LASALLE ST STE 2200AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN364049284EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MAGNUS CHARITABLE TRUSTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMAGNBusinessNameControlTxt
Phone8472551100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1600 W RAND RD NO A104AddressLine1Txt
CityARLINGTON HEIGHTSCityNm
State AbbreviationILStateAbbreviationCd
ZIP60004ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARIA MAGNUSPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8472551100PhoneNum
Signature2015-08-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL S SOLHEIM CPAPreparerPersonNm
PTINP00570974PTIN
Phone3123720440PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$7,843,685FMVAssetsEOYAmt
Method Of Accounting OtherYes (X)MethodOfAccountingOtherInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$6,205InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$6,205InterestOnSavNetInvstIncmAmt
Gross Rents Rev And Expnss$1,321,591GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$1,321,591GrossRentsNetInvstIncmAmt
Net Rental Income Or Loss$334,652NetRentalIncomeOrLossAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$1,327,796TotalRevAndExpnssAmt
Total Net Invst Incm$1,327,796TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$50,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$25,000CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$25,000CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$9,768LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$0LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$4,100AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$0AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$311,797TaxesRevAndExpnssAmt
Taxes Net Invst Incm$311,797TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$83,860DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$86,031DeprecAndDpltnNetInvstIncmAmt
Occupancy Rev And Expnss$532,602OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm$532,602OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl$0OccupancyDsbrsChrtblAmt
Printing And Pub Rev And Expnss$634PrintingAndPubRevAndExpnssAmt
Printing And Pub Net Invst Incm$0PrintingAndPubNetInvstIncmAmt
Printing And Pub Dsbrs Chrtbl$0PrintingAndPubDsbrsChrtblAmt
Other Expenses Rev And Expnss$175,537OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$58,680OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$0OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,168,298TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,014,110TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$25,000TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$421,400ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$421,400ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,589,698TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,014,110TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$446,400TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$261,902ExcessRevenueOverExpensesAmt
Net Investment Income$313,686NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$39,593CashBOYAmt
Cash EOY$1,455,219CashEOYAmt
Cash EOYFMV$1,455,219CashEOYFMVAmt
Sav And Temp Cash Invst BOY$2,549,257SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$564,328SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$564,328SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl$24,138AcctRcvblAmt
Acct Rcvbl EOY$24,138AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$24,138AcctRcvblEOYFMVAmt
Invst Land Cost Or Other Basis$8,123,874InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation$873,854InvstLandAccumDepreciationAmt
Land Bldg Investments BOY$6,919,879LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$7,250,020LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$5,800,000LandBldgInvestmentsEOYFMVAmt
Total Assets BOY$9,508,729TotalAssetsBOYAmt
Total Assets EOY$9,293,705TotalAssetsEOYAmt
Total Assets EOYFMV$7,843,685TotalAssetsEOYFMVAmt
Other Liabilities BOY$482,327OtherLiabilitiesBOYAmt
Other Liabilities EOY$1,113,225OtherLiabilitiesEOYAmt
Total Liabilities BOY$482,327TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,113,225TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$200CapitalStockBOYAmt
Capital Stock EOY$200CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$9,026,202RetainedEarningBOYAmt
Retained Earning EOY$8,180,280RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$9,026,402TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$8,180,480TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$9,508,729TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$9,293,705TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$9,026,402TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$261,902ExcessRevenueOverExpensesAmt
Other Increases$415,980OtherIncreasesAmt
Subtotal$9,180,480SubtotalAmt
Other Decreases$1,000,000OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$8,180,480TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 Tax0LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$465,294AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$8,633,630NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.053893DistributionYr1Rt
Adjusted Qlfy Distri Yr2$498,266AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$9,537,203NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.052244DistributionYr2Rt
Adjusted Qlfy Distri Yr3$458,501AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$9,730,008NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.047122DistributionYr3Rt
Adjusted Qlfy Distri Yr4$335,265AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$9,599,673NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.034925DistributionYr4Rt
Adjusted Qlfy Distri Yr5$326,320AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$9,515,152NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.034295DistributionYr5Rt
Total Distribution0.222479TotalDistributionRt
Average Distribution0.044496AverageDistributionRt
Net Vl Noncharitable Assets$7,982,637NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$355,195AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$3,137NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$358,332AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$446,400QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$3,137InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$3,137SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$3,137TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$4,517EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$4,517TotalPaymentsAndCreditsAmt
Overpayment$1,380OverpaymentAmt
Applied To ES Tax$1,380AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateILOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksMARIA MAGNUSIndividualWithBooksNm
Phone8472551100PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1600 W RAND RDAddressLine1Txt
CityARLINGTON HEIGHTSCityNm
State AbbreviationILStateAbbreviationCd
ZIP60004ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MARIA MAGNUS
600 W RAND RDARLINGTON HEIGHTSIL60004TRUSTEE20.00$25,000$0$0
VICTORIA MAGNUS
600 W RAND RDARLINGTON HEIGHTSIL60004TRUSTEE20.00$25,000$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,304,200AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$5,800,000FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$8,104,200TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$8,104,200AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$121,563CashDeemedCharitableAmt
Net Vl Noncharitable Assets$7,982,637NetVlNoncharitableAssetsAmt
Minimum Investment Return$399,132MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$399,132MinimumInvestmentReturnAmt
Tax Based On Investment Income$3,137TaxBasedOnInvestmentIncomeAmt
Total Tax$3,137TotalTaxAmt
Distributable Before Adj$395,995DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$395,995DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$395,995DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$446,400ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$446,400QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$3,137PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$443,263AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$395,995DistributableAsAdjustedAmt
Undistributed Income PY$419,303UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$446,400QualifyingDistributionsAmt
Applied To Year1$419,303AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$27,097AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$368,898UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (17 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
GREATER CHICAGO FOOD BANK
4100 W ANN LURIE PLACECHICAGOIL60632UNRELATED501(C)3GENERAL$21,000
ILLINOIS HOLOCAUST MUSEUM
9603 WOODS DRSKOKIEIL60077UNRELATED501(C)3GENERAL$50,000
PAWS CHICAGO
1997 N CLYBOURN AVECHICAGOIL60614UNRELATED501(C)3GENERAL$5,000
INNOCENCE PROJECT OF TEXAS
1511 TEXAS AVELUBBOCKTX79401UNRELATED501(C)3GENERAL$10,000
WOUNDED WARRIORS
PO BOX 758517TOPEKAKS66675UNRELATED501(C)3GENERAL SUPPORT$15,000
NEDA NATIONAL EATING DISORDER
165 W 46TH STNEW YORKNY10036UNRELATED501(C)3GENERAL SUPPORT$20,000
NEEDY SCHOLARSHIP RECIPIENTS PAID IN 2014
600 W RAND RD STE A104ARLINGTON HEIGHTSIL60004UNRELATED501(C)3COLLEGE SCHOLARSHIPS$155,900
PARALYZED VETERANS
PO BOX 758532TOPEKAKS66675UNRELATED501(C)3GENERAL$10,000
PERSECUTION PROJECT FOUNDATION
PO BOX 1327CULPEPPERVA22701UNRELATED501(C)3GENERAL SUPPORT$10,000
POPE JOHN PAUL II CATHOLIC SCHOOL
4325 S RICHMONDCHICAGOIL60632UNRELATED501(C)3GENERAL$25,000
SMILE TRAIN
PO BOX 96246WASHINGTONDC20090UNRELATED501(C)3GENERAL$10,000
ST JUDE CHILDRENS
501 ST JUDE PLACEMEMPHISTN38105UNRELATED501(C)3GENERAL$15,000
CHICAGO ABUSED WOMEN COALITION
1116 N KEDZIECHICAGOIL60651UNRELATED501(C)3GENERAL$21,000
UNITED CEREBRAL PALSY
547 W JACKSON BLVDCHICAGOIL60661UNRELATED501(C)3GENERAL$28,500
POLISH AMERICAN ASSOCIATION
3834 N CICEROCHICAGOIL60641UNRELATED501(C)3GENERAL$10,000
CHICAGO INNOCENCE PROJECT
205 W MONROECHICAGOIL60606UNRELATED501(C)3GENERAL$10,000
PET PARTNERS
875 124TH AVE NEBELLEVUEWA98005UNRELATED501(C)3GENERAL$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$421,400TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1NEEDY SCHOLARSHIP RECIPIENTS AWARDED IN 2014 PD IN FUTUREBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1600 W RAND RD STE A104AddressLine1Txt
CityARLINGTON HEIGHTSCityNm
State AbbreviationILStateAbbreviationCd
ZIP60004ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipUNRELATEDRecipientRelationshipTxt
Recipient Foundation Status501(C)3RecipientFoundationStatusTxt
Grant Or Contribution PurposeCOLLEGE SCHOLARSHIPSGrantOrContributionPurposeTxt
Amt$862,500Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Apprv Fut$862,500TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$6,205ExclusionAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Exclusion16ExclusionCd
Exclusion$334,652ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$340,857ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$340,857TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING & TAX COMPLIANCECategoryTxt
Amt$4,100Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Amortization Schedule AmortizationSchedule

Amortization Schedule Detail AmortizationScheduleDetail (13 entries)

Amortized ExpensesAmortizedExpensesDescAcquired Completed Or ExpendedAcquiredCompletedOrExpendedDtAmortizedAmortizedAmtDeduction For Prior YearsDeductionForPriorYearsAmtAmortization PeriodAmortizationPeriodRtCurrent Year AmortizationCurrentYearAmortizationAmtNet Investment IncomeNetInvestmentIncomeAmtTotal AmortizationTotalAmortizationAmt
LEASE COMM HOOTENANNY2012-03-02$60,800$10,450128.000000000000$5,700$5,700$16,150
LEASE COMM ASUG2012-10-30$193,375$22,561120.000000000000$19,338$19,338$41,899
LEASE COMM PULMONARY2012-12-07$28,770$10,38936.000000000000$9,590$9,590$19,979
LEASE COMM 4002013-01-31$30,363$5,56760.000000000000$6,073$6,073$11,640
LEASE COMM 4032013-05-10$18,769$2,50360.000000000000$3,754$3,754$6,257
LEASE COMM 4052013-07-29$9,555$79660.000000000000$1,911$1,911$2,707
LEASE COMM 4082013-11-01$10,125$33860.000000000000$2,025$2,025$2,363
LEASE COMM 4102013-11-01$2,168$7260.000000000000$434$434$506
LEASE COMM 6002014-06-01$53,33160.000000000000$6,222$6,222$6,222
LEASE COMM 2102014-01-01$1,92560.000000000000$385$385$385
LEASE COMM 6032014-07-01$17,10660.000000000000$1,711$1,711$1,711
LEASE COMM 104/2072014-08-01$17,44860.000000000000$1,454$1,454$1,454
LEASE COMM 4062014-11-20$4,97660.000000000000$83$83$83

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (33 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmt
FURNITURE2010-10-15$40,000$22,434200DB7.000000000000$3,572$5,714
BUILDING2005-07-01$2,513,502$621,129SL39.000000000000$64,449$64,449
LAND2005-07-01$4,290,800L$0$0
FORD VEHICLE2008-01-15$18,000$18,000200DB5.000000000000$0$0
EQUIPMENT2008-01-15$8,343$8,343200DB5.000000000000$0$0
CC TV CAMERA2008-10-15$391$309200DB5.000000000000$0$0
BUILDING IMPROVEMENTS2006-08-01$2,775$728SL39.000000000000$71$71
BUILDING IMPROVEMENTS 4TH2013-08-15$41,003$438SL39.000000000000$1,051$1,051
BUILDING IMPROVEMENTS 6TH2013-11-18$10,790$23SL39.000000000000$277$277
BUILDING IMPROVEMENTS LOBBY2013-02-19$8,016$171SL39.000000000000$206$206
BUILDING IMPROVEMENTS WASHROOM2013-03-18$29,681$571SL39.000000000000$761$761
BUILDING IMPROVEMENTS #2072013-09-18$8,961$57SL39.000000000000$230$230
BUILDING IMPROVEMENTS #2082013-01-15$1,809$46SL39.000000000000$46$46
BUILDING IMPROVEMENTS #4002013-01-31$106,744$2,509SL39.000000000000$2,737$2,737
BUILDING IMPROVEMENTS #4032013-05-10$58,788$1,005SL39.000000000000$1,507$1,507
BUILDING IMPROVEMENTS #4052013-07-29$37,630$402SL39.000000000000$965$965
BUILDING IMPROVEMENTS #4082013-11-01$35,490$152SL39.000000000000$910$910
BUILDING IMPROVEMENTS #4102013-11-01$27,348$117SL39.000000000000$701$701
BUILDING IMPROVEMENTS #5002013-01-15$53,736$1,378SL39.000000000000$1,378$1,378
BUILDING IMPROVEMENTS #7062013-12-17$2,016SL39.000000000000$52$52
FURNITURE 20132013-01-18$1,445$103200DB7.000000000000$177$206
BUILDING IMPROVEMENTS 1ST2014-09-04$19,631SL39.000000000000$168$168
BUILDING IMPROVEMENTS 4TH2014-04-14$6,681SL39.000000000000$128$128
BUILDING IMPROVEMENTS 6TH2014-07-14$28,821SL39.000000000000$370$370
BUILDING IMPROVEMENTS 1012014-06-16$2,470SL39.000000000000$32$32
BUILDING IMPROVEMENTS #1022014-12-15$4,492SL39.000000000000$10$10
BUILDING IMPROVEMENTS #1062014-12-15$5,186SL39.000000000000$11$11
BUILDING IMPROVEMENTS #2072014-08-01$40,279SL39.000000000000$430$430
BUILDING IMPROVEMENTS #3052014-02-01$9,223SL39.000000000000$217$217
BUILDING IMPROVEMENTS #4052014-02-17$3,887SL39.000000000000$83$83
BUILDING IMPROVEMENTS #4062014-12-15$28,843SL39.000000000000$62$62
BUILDING IMPROVEMENTS #6002014-06-01$154,814SL39.000000000000$2,316$2,316
BUILDING IMPROVEMENTS #6032014-07-01$73,568SL39.000000000000$943$943

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp (46 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmt
FURNITURE$40,000$26,006$13,994
BUILDING$2,513,502$685,578$1,827,924
LAND$4,290,800$0$4,290,800
FORD VEHICLE$18,000$18,000$0
EQUIPMENT$8,343$8,343$0
CC TV CAMERA$391$309$82
BUILDING IMPROVEMENTS$2,775$799$1,976
LEASE COMM HOOTENANNY$60,800$16,150$44,650
LEASE COMM ASUG$193,375$41,899$151,476
LEASE COMM PULMONARY$28,770$19,979$8,791
BUILDING IMPROVEMENTS 4TH$41,003$1,489$39,514
BUILDING IMPROVEMENTS 6TH$10,790$300$10,490
BUILDING IMPROVEMENTS LOBBY$8,016$377$7,639
BUILDING IMPROVEMENTS WASHROOM$29,681$1,332$28,349
BUILDING IMPROVEMENTS #207$8,961$287$8,674
BUILDING IMPROVEMENTS #208$1,809$92$1,717
BUILDING IMPROVEMENTS #400$106,744$5,246$101,498
BUILDING IMPROVEMENTS #403$58,788$2,512$56,276
BUILDING IMPROVEMENTS #405$37,630$1,367$36,263
BUILDING IMPROVEMENTS #408$35,490$1,062$34,428
BUILDING IMPROVEMENTS #410$27,348$818$26,530
BUILDING IMPROVEMENTS #500$53,736$2,756$50,980
BUILDING IMPROVEMENTS #706$2,016$52$1,964
FURNITURE 2013$1,445$1,003$442
LEASE COMM 400$30,363$11,640$18,723
LEASE COMM 403$18,769$6,257$12,512
LEASE COMM 405$9,555$2,707$6,848
LEASE COMM 408$10,125$2,363$7,762
LEASE COMM 410$2,168$506$1,662
BUILDING IMPROVEMENTS 1ST$19,631$168$19,463
BUILDING IMPROVEMENTS 4TH$6,681$128$6,553
BUILDING IMPROVEMENTS 6TH$28,821$370$28,451
BUILDING IMPROVEMENTS 101$2,470$32$2,438
BUILDING IMPROVEMENTS #102$4,492$10$4,482
BUILDING IMPROVEMENTS #106$5,186$11$5,175
BUILDING IMPROVEMENTS #207$40,279$430$39,849
BUILDING IMPROVEMENTS #305$9,223$217$9,006
BUILDING IMPROVEMENTS #405$3,887$83$3,804
BUILDING IMPROVEMENTS #406$28,843$62$28,781
BUILDING IMPROVEMENTS #600$154,814$2,316$152,498
BUILDING IMPROVEMENTS #603$73,568$943$72,625
LEASE COMM 600$53,331$6,222$47,109
LEASE COMM 210$1,925$385$1,540
LEASE COMM 603$17,106$1,711$15,395
LEASE COMM 104/207$17,448$1,454$15,994
LEASE COMM 406$4,976$83$4,893

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGALCategoryTxt
Legal Fees$9,768LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
Desc2014 SCHOLARSHIP COMMITTMENTSDesc
Amt$1,000,000Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
OFFICE EXPENSES$3,078$0$0
SCHOLARSHIP LUNCHEON$105,911$0$0
ADVERTISING & PROMOTION$6,399$0$0
CAR & TRUCK$1,469$0$0
AMORTIZATION$58,680$58,680$0

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (2 entries)

DescDescAmtAmt
SCHOLARSHIPS PREVIOUSLY RESTRICTED PAID IN 2014$155,900
2009 SCHOLARSHIP COMMITTMENTS UNFILLED$260,080

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (3 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmt
SCHOLARSHIPS COMMITTED BUT UNPAID$278,480$862,500
SECURITY DEPOSITS$203,847$250,587
WAGE DEDUCTIONS$0$138

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryPROPERTY TAXESCategoryTxt
Amt$311,797Amt
Net Investment Income$311,797NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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